White Americans have 22 times more wealth than blacks — a gap that nearly doubled during the Great Recession. The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.
Full Story: CNN
The gap is only getting bigger in terms of wealth, which leads to not being able to afford the proper education to compete in the job market.
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black have it worse in the states then i thought. damn i got more form osap after i paid for my tuition .
But what did you really expect??…a. Blacks are only 13% of the country b. Whites have had a 300 year head start developing economically whereas blacks have only been free to even participate in the economy for the last 100 years. c. Wealth has also been transferred from Europe to America…blacks came here as slaves…broke! In a nutshell black people are really JUST GETTING STARTED as a people! We are just NOW recovering from slavery!
Also Asians come to tha states & are able to earn for 10 years w/out paying taxes…. & still no 40 acres & mule have been given to Black folks. Smdh
^ ^ Co-signz!
“… like Warren Buffet;
Real money I’m just trying to touch it
The diamond-encrusted shit, live illustrious
‘Cause we was deprived of it, suffered
Now we pop to prove anything’s possible.
My pimp strut was invented when they whipped us
Now we diddy-bop just to show you that our strength’s up
Just when niggaz about to see they cut
Global warming about to burn us up!
Niggaz never really seen paper in this world
American blacks the teenager of this world
Give us twenty more years to grow up …”
–NAS
what ya’ll expect … most blacks thinkin’ about foamposites, LV, thenewest ipod, jordans and all that BULLSHIT. Guns and butter my friends, check ya self.
THANK GOD I have several stock portfolios and a roth IRA at 32 y/o!!!
^ Wow, good for you bruh…. But to each his or her own, ya’ dig!!!
________________
“… I had a dream I could buy my way to heaven
When I awoke, I spent that on a necklace.” –KANYE WEST
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“When they advance me this check,
Could’ve bought my way to heaven
But I blow it on my neck.
Instead, what you expect when you ain’t had sh!t,
And they ain’t payin’ half of what you asking,
Couldn’t even see the p#ssy, even if it’s Cassie,
Now the hoes is down for taking pictures ’cause you flashy.” –BIG K.R.I.T.
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“I declare an all-out attack;
Let’s take our minds behind enemy lines, so we can see how the demon acts.
And how he set us up for failure in the first place;
And why the fuck did we just settle for a birthday?
You see, I’m hip to the games that you run…
Like the games you run unfair, we cant get no fair one.?
Cuz we was dealt the bad hand from the jump
(And we can’t deal…so we jack and get drunk).
And might end up locked down, or six feet…
but in these streets, a muthafucka gots to eat.” –SCARFACE
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We do it to ourselves, shouts to Hulksmash. If we as a culture weren’t so enthralled with the latest Jordans, Foamposites, & Yeezy’s (all FIRE) we’d be richer. Niggas can’t wake up early for a job but can be at the mall to camp out for some shoes. Where is the logic in that…? It’s not surprising we rank at the bottom. All the other post are valid points but we as a people are responsible for our culture and youth. We promote violence, drug abuse, and racism among ourselves and then wonder why we’re failing to show up on the wealth chart.
Word it ain’t nobody faults but our own. Stop worrying about being cool and get your education and stop trying to be thugs.
Cmon Son? Niggas still complaining about slavery? It’s out fault we aren’t doing better. It isn’t the white mans job to pull us up we have to do it ourselves. I see it all the time instead of kids focusing on doing good in school and going to college they are too worried about rapping, sports, and hood rats. Until the culture that doesn’t respect education and hard work is fixed we will stay down.
Wealth to most black men is who’s wearing the newest shoes, who’s driving the nicest cars, who’s fucking the baddest women, and who has the most “swag”. We’ve been enslaving ourselves the whole timeby chasing the bullshit that doesn’t mean anything. Lucky for my I escaped that and will be graduating college in December and making good money in January. But I’m just one person. We gonna need millions more to get their acts together.
Wa Wa Wa. Blacks needa stop crying and get off their ass and get a job. Stop collecting and feeling bad about yourself. Stop getting brand new BMW and mercedes’s @ a horrible interest rate cuz you gut shit credit when your living in the housing projects. Stop having KIDS when you cant afford it. Stop buying Jordans and IPads and maxing out your credit cards. Most impostant thing is stop having kids at the age of 17 and get a DEGREE! Whenever you have a kid in your life your stuck at the point in your career for the rest of your life. Especially if your all ready poor.
Lets Recap
1.Stop maxing your credit
2.GET A JOB
3.Stop buying stupid shit you cant afford
4.Get a degree
5.STOP HAVING A MILLION KIDS WHEN YOUR NOT FINANCIALLY READY!!!!
Ppl in the housing projects are in a vicious cycle and they need to break out of it.
Black people like to go along to get along.Instead of black people supporting black owned businesses,and letting the money circulate with in the community,as soon as we get money,we spend it on bs.We are big consumers,over a billion dollars circulate with in the black community each year alone,so we do have money,but see don’t save,we don’t invest,and all the money eventually goes in to the hands of whites.A’lot of us still have that slave mentality.If we all get on the same page,and start investing/supporting black owned businesses,and stop buying bs all the time,watch are money triple.
“eduction is not the answer and what do niggas do when they go to college, they go there, they party, get drunk and end up just as ignorant as when they came in” -ruckus
“and what do niggas do any ways when they go to college, o they go, they party, get drunk for four or five years and end up just as ignorant as when they came in”- ruckus
niggas can get a pound with that kind of money
im looking for a good maths tuition centre for secondary school students in singapore.
anyone has got any good recomendations?
singapore tuition assignment